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Russia, China, Mexico Bonds
Dominate Eurobond Market

Dow Jones Newswires

Updated June 20, 1997 12:01 a.m. ET

LONDON -- Three sovereign names from the emerging-markets sector -- Russia, China and Mexico -- dominated Eurobond business on Thursday.

The session also saw the investment-grade Cyprus make its international debut with a $300 million Eurobond. However, Cyprus's offering was all but overlooked in the excitement surrounding the three higher-yield transactions, particularly Russia's record-breaking $2 billion 10-year Eurobond.